Analysts` Opinions Boost Quaker Oats Stock

March 27, 1991

The stock of Chicago-based Quaker Oats Co. jumped in active trading on favorable comments from Wall Street analysts. Goldman, Sachs & Co. analyst Nomi Ghez said several developments are likely to benefit the stock once Quaker completes the spinoff of its Fisher-Price toy unit, now expected in mid-April. The analyst placed a higher valuation on the Fisher-Price shares than she had previously, boosting them to $3 to $4 from $2 to $3. Prudential Securities Inc. analyst John McMillin said spinning off Fisher ``takes the cyclicality out of Quaker`` and could make the stock more attractive. Quaker stock rose $2.25 to close at $60 on the New York Stock Exchange.